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USD/JPY at 4-month highs ahead of FOMC minutes

FXStreet (Córdoba) - The USD/JPY remains near daily highs ahead of the release of the FOMC minutes. Price peaked during the European session at 103.40 and then pulled back but found support at 103.20.

Before FED’s minutes the pair trades at 103.37, 0.45% headed toward the third daily gain in a row and the strongest close since April 3.

The japanese currency is among the worst performer across the board on Wednesday as US government bond yield rise. Also the break of the USD/JPY of the 103.00 triggered a decline of the Yen in the market.

Yen not weak enough for exporters - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted Japan’s trade deficit worsened in July.
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EUR/USD marginally lower on FOMC

EUR/USD is trading at 1.3275, down -0.33% on the day, having posted a daily high at 1.3326 and low at 1.3274.
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